Also it may make more sense to break the debt into 2 loans so you can stay in the conforming loan limit space on the first mortgage.

The community was presented as a stabilized and clean park but had under market local rental rates.The community is located within the City limits of Declo and has all city maintained water and sewer lines.

Having $100k and asking "what would you do" is too broad...So, maybe it would help to know what I have done so far and where I am financially.Currently have two businesses.Assets-Business 1. 11 units composed of (1 SF) and (5 Duplex)All properties are financed. 3 separate mortgagesBusiness 2. 4 units composed of (1SF) and (1 Triplex)SF is financed and Triplex is ownedLiabilities-Home Mortgage $165k ($1,300/mo)Truck $15k ($700/mo)RV $23k ($200/mo)---Our experience has been limited to Muncie and Richmond Indiana.

(LOL)Most people forget that the first L in stands for Limited, not No "Liability"

Are you limited on capital?

Probably about 14X18, with maybe a 1/4 (or less) of that taken up by the laundry area.It does have some vents in the wall as well, and it is an old house so I am guessing it has some leaks and overall adequate ventilation, but being a basement and the property itself has limited parking so I think it works best as a 2 bedroom.

Hey all, originally I had the rosy ambition of going in on an owner-occupied duplex in the Austin area, but quickly came to the realization all the duplex/multiplexes on the MLS here are either overpriced or need a substantial down payment to make financial sense.I have now shifted my strategy to buying a more modestly priced SFR outside of Austin city limits with 20% down.

The beauty of an index fund is that you only have to thing about not withdrawing during a market downturn. 

Banks will lend you money on properties, but they want your full liability, not your limited liability to get their money back.

He is technically a limited partner but I have no LLC (I can set one up though) and he doesnt want equity in the business itself.